Top News:
Nick Denton / Being myself:
Nick Denton confirms Gawker Media has reached settlement with Hulk Hogan; settlement worth $31M, according to court docs; three true stories will be removed — After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is over.
Discussion:
@rmac18, LawNewz, Forbes, @jank0, @edmundlee, @polly, @tomkludt, @justinjm1, @brianstelter, @derektmead, @steverousseau, @paxdickinson, @anthony, @anthony, @petersterne, @brianstelter, @poynter and @davidbix
Sydney Ember / New York Times:
NYT Q3 earnings: print ad revenue drops 19% but digital ad revenue up 21% to $44M, 116K digital-only subs added, bringing total to 1.3M, rev down 1% to $364M — The New York Times Company reported a steep decline in print advertising revenue for the third quarter on Wednesday, adding to the newspaper industry's woes.
Discussion:
Business Wire, The Wrap, FishbowlNY, @mathewi, @mccarthyryanj, The Daily Caller, @erikwemple, @felixsalmon and @benmullin
Farhad Manjoo / New York Times:
Online news offers so many choices, it allows readers to confirm their biases and filter out news they don't like; fact-checking has proven ineffective — Next week, if all goes well, someone will win the presidency. What happens after that is anyone's guess. Will the losing side believe the results?
Nilay Patel / The Verge:
A look at how The Verge generates revenue, the technology it's built for creating and distributing ads, Hymnal and Concert, and its plans for the future — Platforms, united — The Verge turns five on November 1st, and we're in the process of refreshing our entire brand for the next five years.
Discussion:
Nieman Lab, @noahchestnut, @krogsgard, @melissabell, @markguim, @mattervc, @sbnlukethomas, @ylichterman, @fcollective, @waxpancake, @reckless and @lexjuneja
Oriana Schwindt / Variety:
US election boosts October cable TV ratings, with CNN winning 25-54-year-olds for the first time in 15 years — The current election may be tearing America apart at the seams, but the one thing everyone seems to be unable to do is look away. The three major cable news bastions — Fox News …
Discussion:
TVNewser, TVNewser, TVNewser, CNN, @brianstelter, @brianstelter, The Wrap, Business Insider and Mediaite
Shelley Hepworth / Columbia Journalism Review:
300 newsrooms have signed up to Electionland, a project tracking and reporting on problems that prevent people from voting, including Univision and USA Today — On election nights past, ProPublica staffers were more likely to be found at home watching the results roll in on TV or online than in the newsroom.
Gerry Smith / Bloomberg:
Time Warner Q3 earnings beats estimates with revenue of $7.17B; sales at Turner, including CNN, TNT, and TBS, rise 8.8% YoY to $2.61B, HBO sales up 4.3% — Media giant being acquired by AT&T raises full-year forecast — Time Warner Inc., the owner of the Warner Bros. studio …
Discussion:
The Wrap, Variety, The Wrap, Broadcasting & Cable, Deadline, Fortune, Seeking Alpha, Hollywood Reporter and TheStreet.com
Rob Price / Business Insider:
Business Insider's US site and Inc hacked by hacking group OurMine early Wed morning; BI employee may have used same password across multiple sites — Business Insider was hacked on Wednesday morning. — Attackers identifying themselves as OurMine posted and edited some stories on the US version of the website.
Discussion:
@kevin_raposo
Erik Wemple / Washington Post:
CNN still needs to audit its relationship with political commentators, who flood its payroll, crowding out honesty and journalism — As a matter of course, CNN is careful about providing details on the bios of its guests and its paid political commentators.
Discussion:
The Wrap, @fusion, Fusion, @daviduberti and @megynkelly
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Rick Edmonds / Poynter:
INMA and NAI study says native ads will account for 25% of ad revenues by 2018, finds 48% of newspaper media are doing some form of native ads — Native advertising already accounts for 11 percent of ad revenues at news media companies, according to a new report, and will rise to 25 percent in 2018.
Discussion:
Fortune
Paul Bond / Hollywood Reporter:
Profile of AT&T CEO Randall Stephenson, a Republican voter opposed to Trump and a supporter of the Black Lives Matter movement and LGBT rights — In private meetings, the Boy Scout who backs Black Lives Matter puts Time Warner execs at ease as he notes he's no fan of Donald Trump.
Discussion:
@thrmattbelloni
Washington Post:
Venezuela more stringent with work visa rules, stops reporters who had previosly entered the country without work visas from entering, amid mounting turmoil — Venezuelan authorities stopped a Washington Post reporter at the Caracas airport late Monday night and denied him entry …
Discussion:
@rogernoriegausa, @marianowrites, @peterbakernyt, @wsjforero, @davidluhnow and @hannahdreier
James Silver / Guardian:
Interview with WaPo executive editor Martin Baron, on the paper's Access Hollywood scoop, Trumps' media blacklist, Jeff Bezos, future editorial plans, more — The Washington Post's executive editor on breaking Trump's Access Hollywood hot mic moment and the surprising positives of working beside Amazon engineers
Frederic Lardinois / TechCrunch:
Adobe partners with Reuters, adds its video library of 1M+ news clips, 12M+ photos to Adobe Stock marketplace, as it tries to compete with Getty — Adobe today announced that it has partnered with Reuters to bring the news agency's video and photography to its Adobe Stock marketplace.
Discussion:
VentureBeat and The Next Web
The Daily Beast:
Sources: Mark Burnett is continuing to threaten current and former Apprentice staff with legal action should they leak information about Trump's on-set behavior — Reality-TV kingpin Mark Burnett and his associates say that they aren't pressuring anyone over a series of damaging leaks …
Discussion:
@kpfallon, @robinwasserman, @gideonresnick, @swin24, @gideonresnick, @teresakopec, @chriscjackson and @comfortablysmug
Brian Flood / The Wrap:
Tronc misses with Q3 revenue of $378M, down from $406M in Q3 2015; CEO Justin Dearborn says it's “unfortunate” Gannett's lenders withdrew from deal — Tronc unveiled its third-quarter 2016 earnings on Tuesday with revenues of $378 million, down 6.9 percent compared to $406 million in the third quarter of 2015.
Discussion:
Media Law Prof Blog, Bloomberg and tronc, inc.
RELATED:
Paul Barbagallo / Bloomberg:
Gannett drops its $683M bid for rival Tronc; source says deal collapsed after bankers pulled out
Discussion:
New York Times, LA Observed, Melville House Books, Variety, Poynter, Forbes, The Wrap, Business Insider, Poynter, Fortune, Editor & Publisher, Fortune, Politico, Washington Post and @pkafka
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